First american loans

Since the terms on the in-house perm mod on the first are so horrendous that they effectively double the original loan value and now the home is underwater by two-thirds of its loan values, when can I stop paying on the HELOC?

Do I have to wait for the first lien perm mod to be recorded or when I receive the regular payment coupons for the first? Or can I stop paying on the HELOC now, given that I have the notarized perm mod docs? The Recording was requested by first american loans GMAC and substitutes Executive Trustee Services. ETS as trustee for me as trustor reconveys the Deed of trust to persons legally entitled to.... As an update, after much frustration, I finally received my notarized permanent modification papers on the first lien from BofA dated August 15, 2013. However, after receiving the permanent modification in May 2013, first american loans BofA just told me that my loan would return to normal servicing within 30 to 60 days of the perm mod (May 24), but I did not receive my regular payment coupons and had to continue calling in each month to make my payments. The CSR was mostly unreachable she did not answer the phone, return calls or emails, and would miss all the phone appointments for my payments. Since no matter what number I called, I was always routed directly to her voice mail, the only way I could get another live person on the phone to make my payments was to call the BofA Executive Team. After the 60 days had passed for me to receive my notarized perm mod and regular servicing coupons, and after calling the ExecTeam again, the CSR said that the documents had been delayed because BofA was overwhelmed with so many docs from other customers.

The CSR said she would get back to me the following week with first american loans when I would receive the docs, but of course she did not, and after she would not respond to my numerous emails and calls to follow up, I called the Exec Team again and then was assigned a new CSR. The new CSR proceeded to tell me that the reason the I had not received the notarized perm mod docs and regular payment coupons was because I had only notarized one page of the perm mod docs they had sent me in May. I said Oh no, that is not true, I completed everything that was necessary for those docs and they were accepted by BofA in May and no one mentioned this before. I said if that was the case, then prove it and Fedex the docs to me immediately. I said I have done everything as requested and the notary completed these documents exactly right and that BofA was not going to blame their lack of following through on me and there was NO WAY I was starting this process again.


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After that, I suddenly received my notarized perm mod docs from BofA just this week with a notary date of August 15 which just shows they did not complete these before and were just stringing me along again. This new CSR is also more accessible, and when she called me back yesterday to respond to my voice mail about when I will receive my regular payment coupons, she said that I would get these in 30 days, and that the reason my notarized perm docs from BofA had been delayed is because someone did not do their work (the last CSR), and not through any fault of mine. My questions now are since I have received the notarized perm mod docs, will there be a new recording of title with the county? Since the terms on the in-house perm mod on the first are so horrendous that they effectively double the original loan value and now the home is underwater by two-thirds of its loan values, when can I stop paying on the HELOC? Do I have to wait for the first lien perm mod to be recorded or when I receive the regular payment coupons for the first? Or can I stop paying on the HELOC now, given that I have the notarized perm mod docs? The Recording was requested by GMAC and substitutes Executive Trustee Services. ETS as trustee for me as trustor reconveys the Deed of trust to persons legally entitled to.... In regards to the second lien, did you include it in your bk filing and not reaffirm? If that is the case then first american loans you should be fine with not continue the payment due to the fact that you would no longer be personally responsible for that mortgage.

The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice.

Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer To my understanding the second lien was included in 3 month payday loans direct lenders the BK because even BofA recognizes this in the payment statement and coupons they send me for the HELOC, which state that they recognize the second was discharged in the BK however, they also state, that while I am not obligated to repay the second because of the BK, if I do not repay it, then BofA can foreclose on the house. Remember that BofA made me first start paying no employment verification payday loan on the HELOC after the BK, telling me they would not allow a modification on the first unless I completed a modification on the second.

After I completed a modification on the second, they still denied me a modification on the first until the CAAG got involved, after which I was immediately granted a permanent mod on the first that is until BofA still kept dragging their feet on completing it. Even after being given a permanent mod, BofA still essentially made me go through a trial mod by making me pay for 5 months on the permanent mod before they got around to completing the process, and they only completed it because I complained to the Exec Team that nothing was being processed and I was moving to involve the CAAG again. I spoke with my BK attorney about the second, and he said that I have not reaffirmed the second by completing a mod on it and paying on it after the BK. However, he said that it is true that BofA can still foreclose on the home anyway if I do not continue paying on the second. So, all this appears to be a quirky technicality of the BK laws. He said that the BK just means that I am not obligated to pay it. He said that the CA judges have no problem doing that. However, the attorney said that I will have to wait to file the 13 after the 7 until the title on the permanently modified first has been recorded with the county. BofA was dragging their feet on this, too, but I just received the Recission first american loans of Foreclosure notice from the county, and the CSR states that the recording of title is in process with the county, but they do not know how long it will take. After I receive the notice of recording, I can move ahead with the 13 after the 7 to strip the second. Since 2007, the LoanSafe forums have helped millions of homeowners over the last 13 years either save their homes with a loan modification, obtain a short sale, forbearance, or walk away legally from their underwater mortgages. Most of the information you find here is easily available on the internet. You should contact your reputable online payday loans attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site payday loans salt lake city are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer How did you get your modification with US Bank as investor?

What success rates are folks having here with US Bank as the investor?

The modification was actually approved for the trial payments prior to going to US Bank and then after making the three payments I received the permanent docs and looked up the loan on MERS again and it was US Bank at that time.

The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet.

You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer That sounds like encouraging information about U. I just spoke with the CRM about the microloan program two (or three) different investors on my loan.

This online check advance is all very confusing to me, so I asked the CRM which investor do they send the application for modification to? I asked her this same question in 2 different ways, and the first time she answered Wells Fargo, and the second time, she answered US Bank. Then she said that BofA sends it to Wells Fargo, who then sends it to U. This idea of a subservicer seems very confusing and adds yet another layer it seems where things can go awry. Have you heard of these subservicing arrangements here?

I just spoke with the CRM about the two (or three) different investors on my loan.

This is all very confusing to me, so I asked the CRM which investor do they send the application for modification to?

I asked her this same question in 2 different ways, and the first time she answered Wells Fargo, and the second time, she answered US Bank. Then she said that BofA sends it to Wells Fargo, who then sends it to U.

This idea of a subservicer seems very confusing and adds yet another layer it seems where things can go awry. Have you heard of these subservicing arrangements here? Yes it happens quite often in the mortgage backed securities realm. I know this article has a small font, but it is the best one to explain how the process goes and how each level of the trusts are established The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice.